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Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

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Lloyds paid 20 bankers more than 1 mln stg last year - paper

Sun, 24th Mar 2013 14:22

LONDON, March 24 (Reuters) - Lloyds Banking Group paid more than 20 of its staff at least one million pounds ($1.5million) last year, a move likely to inflame anger amonglawmakers and the public over excessive banker pay, The SundayTimes reported.

The part state-owned bank will include the figure in itsannual report this week, bringing the number of bankers paid inexcess of one million pounds among the country's five biglenders to almost 770, the British newspaper said.

Lloyds declined to comment on the report.

The European Union has introduced a cap to restrict bankers'bonuses to one times annual salary, a move designed to addresspublic anger at a bonus-driven culture many European politiciansbelieve encouraged the risk-taking that led to the near-collapseof some of the region's biggest banks.

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